Global Bio-alcohol Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Bio-alcohol Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global bio-alcohol market report has been segmented on the basis of product type, raw material, application, and region.
Global Bio-alcohol Market: Overview
Bio alcohol is used as a fuel in various alcohols such as methanol, propanol ethanol, and butanol. Bio alcohol is an organic chemical that is used as fuels in various engines. It is made by the action of enzymes and microorganisms during fermentation process of starches or sugars. It is eco-friendly in nature and utilized in various applications including transportation as alternative to gasoline.
Global Bio-alcohol Market: Dynamics
Growing demand for fossil fuels in various end-use industries is a major factor expected to drive growth of the bio-alcohol market. In addition, rising demand for eco-friendly energy resources is another key factor anticipated to boost growth of the global market.
Increasing awareness regarding various benefits offered by bio-alcohol is another factor expected to fuel growth of the global market. In addition, increasing fluctuation in crude oil prices is another factor boosting demand for bio-alcohol products, which in turn expected to drive growth of the global market over the forecast period.
In addition, increasing preference of consumers towards adoption of eco-friendly bio-alcohols is another factor expected to propel the target market growth in the next 10 years. Increasing investments for development of advanced technologies in bio-alcohol process is another factor projected to support the global bio-alcohol market growth.
However, consumption of food grains as raw material fuel is one of the key factor expected to hinder growth of the global market. Moreover, high price of the bio-alcohol is another factor projected to challenge growth of the global bio-alcohol market to a certain extent.
Global Bio-alcohol Market: Segment Analysis
Among the product type segments, the bioethanol segment is projected to account for significant revenue share of global market, owing to rising demand for bioethanol from transportation sector. Bio-ethanol is renewable energy and it reduces the greenhouse gases.
Among the application segments, the transportation segment is expected to register significant growth, owing to increasing consumption of bio-alcohol in transportation segment. In addition, increasing population and growing need for vehicles is another factor expected to support growth of the global bio-alcohol market.
Global Bio-alcohol Market: Regional Analysis
The bio-alcohol market in Asia Pacific is projected to account for significant shares in terms of revenue in the global market, owing to rising demand from in the automotive industry. In addition, rising demand for bio-alcohol from medical industry is another key factor expected to support revenue growth of the bio-alcohol market in the region. Europe market is expected to witness steady growth in terms of revenue, owing to stringent regulations by government regarding sustainable greener environment in the countries in this region. Moreover, growing concern related to greenhouse gas emissions and increasing crude oil prices are additional factors expected to fuel bio-alcohol market growth in the region.
Global Bio-alcohol Market Segmentation:
Segmentation by Product Type:
Segmentation by Raw Material:
- Industrial Beets
Segmentation by Application:
- Power Generation
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Mascoma LLC
- Abengoa S.A.
- Gevo Inc.
- Butamax Advanced Biofuels, LLC
- Red Rock Biofuels, LLC
- Ginkgo Bioworks
- Maverick Biofuels Inc.
- Algenol Biofuels
- ZeaChem Inc.
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